Magic will exercise their 2014-15 options on Harkless, Harris, Nicholson and Vucevic on Saturday

Josh Robbins | Orlando Magic BasketBlogOrlando Sentinel

The Orlando Magic on Saturday will exercise their 2014-15 team options on Maurice Harkless, Tobias Harris, Andrew Nicholson and Nik Vucevic, the Orlando Sentinel has learned.

Under NBA rules regarding former first-round draft picks, a team has until Oct. 31 before a player’s second season to pick up its third-year option. A team also has until Oct. 31 before a player’s third season to exercise its fourth-year option.

Harkless and Nicholson are about to begin their second NBA seasons. Harris and Vucevic are about to begin their third seasons.

These procedural moves were expected.

Any players around the league who don’t have their third- or fourth-year options exercised for 2014-15 will become unrestricted free agents in July.

The rule doesn’t apply this year to Victor Oladipo because he’s in his rookie season and, as a first-round pick, his second season already is fully guaranteed.

The rule also doesn’t apply to Doron Lamb, E’Twaun Moore and Kyle O’Quinn, because they were second-round picks.